Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was $180$ units at $$46$ per the year, Cortez made two batch purchases of this chair. The first was a $305-$unit purchase at $$51$ per unit; the second was purchase at $$53$ per unit. During the period, it sold $565$ chairs.

Required

Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that

a$.$ FIFO,

b$.$ LIFO

c$.$ Weighted average.

Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.

$\backslash$table$[[,$FIFO,LIFO,$\backslash$table$[[$Weighted$],[$Average$]]],[$Cost of goods sold,,,$],[$Ending inventory,,,$]]$

Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was $180$ units at $$46$ per unit. During the year, Cortez made two batch purchases of this chair. The first was a $305-$unit purchase at $$51$ per unit; the second was a $400-$unit purchase at $$53$ per unit. During the period, it sold $565$ chairs.

Required

Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses

a$.$ FIFO.

b$.$ LIFO.

c$.$ Weighted average.

Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.

$\backslash$table$[[,$FIFO,LIFO,$\backslash$table$[[$Weighted$],[$Average$]]],[$Cost of goods sold,,,$],[$Ending inventory,,,$]]$